"China will begin implementing specific issues that have reached consensus immediately, the sooner the better", a spokesperson for the Chinese Ministry of Commerce told reporters in a statement that was later published on its website.
U.S. President Donald Trump, who rattled global markets Tuesday after declaring himself "a Tariff Man", predicted in a series of tweets Wednesday the United States and China would negotiate a new trade deal.
'Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina.
As a gesture of goodwill, Trump told Xi during their meeting he would hold off on raising tariffs from 10 to 25 percent on $200 billion worth of Chinese goods that would have taken effect on January 1. Failure would raise the spectre of fresh U.S. tariff action and potential Chinese retaliation as early as March.
Mr Trump has said China is supposed to start buying agricultural products immediately and cut its 40 per cent tariffs on United States auto imports.
"Free trade has made the success story of BMW in the U.S. possible", the company said in a statement Tuesday, adding that 70 percent of the cars made in Spartanburg previous year were exported to more than 120 countries. Besides escalating existing tariffs, Trump had threatened to impose import taxes on the remaining US$267 billion of USA goods from China.
The Chinese Commerce Ministry said Beijing would seek to quickly implement specific issues already agreed upon, as both sides "actively promote the work of negotiations within 90 days in accordance with a clear timetable and road map".
"It doesn't seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trump's tweets (which seem if not completely fabricated then grossly exaggerated) with reality", JPMorgan Chase said in a trading note.
"When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so", he said. "ALL subjects discussed!" Trump said on Twitter.
Trump has long accused China of unfair trade practices that hurt Americans and the USA economy.
The comments by the president and his top advisers over the past 48 hours have only added to China's confusion about their negotiating partners.
Members of Trump's economic team continued to temper optimism about a deal Tuesday. Ultimately, I believe, we will be making a deal - either now or into the future.
U.S. Representative Steve King, an Iowa Republican, in February 2017 introduced a bill that would have allowed the U.S. government to punish Chinese intellectual property theft by imposing duties on the country's imports.
But the United States leader kept up the threats as he warned that he was ready to make China "pay for the privilege" of selling in the U.S. market if the negotiations fail.
At the same time, analysts said they were relieved that the Trump-Xi meeting at least pressed the "pause" button on tariff hikes.
"We are no longer in the same buoyant economic or markets environment that we enjoyed earlier this year when threats of tariffs against China were first made", she said.
The economic agreementTrump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unravelling by Tuesday.
A Chinese official told Reuters officials were "waiting for the leaders to return" before publicising details.
In return, Washington said China would purchase "very substantial" amounts of USA agricultural, energy, industrial and other products. The company said it wants to ramp up production in North America and is considering - although hasn't yet decided - whether to set up a second plant in the U.S.to make power trains.